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What Is An Annuity?

An annuity is a contract issued by a life insurance company that can guarantee1 a steady stream of payments at some point in the future. Annuities are most commonly used as retirement accumulation vehicles that help people build assets on a tax-deferred basis under current tax law. Annuities come in many varieties. To learn more about the features and benefits of annuities, please read the First Investors “Think First” edition titled “Understanding Annuities.”

1 All guarantees are subject to the financial strength and claims-paying ability of First Investors Life Insurance Company.